Cosmo AM expands reach to Korea’s retail investors
The Seoul-based manager is readying a mutual fund launch and plans to offer products from parent Sparx.
Cosmo Asset Management, South Korea’s biggest investment manager overseeing about W3.7 trillion ($3.2 billion) in AUM, is targeting the domestic retail market, with plans to launch a mutual fund and offer products from parent Sparx Group.
On November 16 it was granted a collective investment business licence by Korea’s Financial Services Commission (FSC) that enables it to manage equity, fixed-income and money-market funds.
It broadens Cosmo’s remit from investment advisory, whi…
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